Analysts expect Arch Capital Group Ltd. (NASDAQ:ACGL) to announce $0.68 earnings per share for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for Arch Capital Group’s earnings, with estimates ranging from $0.62 to $0.73. Arch Capital Group reported earnings of $0.46 per share during the same quarter last year, which would indicate a positive year over year growth rate of 47.8%. The firm is expected to issue its next earnings results on Tuesday, February 11th.
On average, analysts expect that Arch Capital Group will report full-year earnings of $2.75 per share for the current year, with EPS estimates ranging from $2.70 to $2.80. For the next fiscal year, analysts forecast that the company will post earnings of $3.00 per share, with EPS estimates ranging from $2.83 to $3.10. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that follow Arch Capital Group.
Arch Capital Group (NASDAQ:ACGL) last posted its earnings results on Tuesday, October 29th. The insurance provider reported $0.63 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.01. Arch Capital Group had a return on equity of 10.31% and a net margin of 21.97%. The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period last year, the company earned $0.53 earnings per share.
A number of equities analysts have recently commented on ACGL shares. UBS Group lifted their price objective on Arch Capital Group from $39.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday, August 29th. JPMorgan Chase & Co. lowered Arch Capital Group from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $44.00 to $40.00 in a research note on Tuesday, November 12th. BidaskClub lowered Arch Capital Group from a “hold” rating to a “sell” rating in a research note on Friday. MKM Partners lifted their price objective on Arch Capital Group from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Finally, Buckingham Research lifted their price objective on Arch Capital Group from $38.00 to $40.00 and gave the stock a “neutral” rating in a research note on Thursday, September 12th. Two analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. Arch Capital Group presently has a consensus rating of “Hold” and a consensus price target of $39.71.
NASDAQ ACGL traded up $0.09 during trading on Friday, hitting $41.75. 1,307,339 shares of the company traded hands, compared to its average volume of 1,642,291. Arch Capital Group has a 12 month low of $24.79 and a 12 month high of $42.86. The business has a fifty day simple moving average of $41.17 and a 200 day simple moving average of $39.40. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $16.63 billion, a P/E ratio of 18.98, a PEG ratio of 1.49 and a beta of 0.63.
In related news, insider Louis T. Petrillo sold 13,349 shares of Arch Capital Group stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $40.83, for a total transaction of $545,039.67. Also, CEO Maamoun Rajeh sold 25,000 shares of Arch Capital Group stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $41.60, for a total value of $1,040,000.00. Following the sale, the chief executive officer now directly owns 302,517 shares in the company, valued at $12,584,707.20. The disclosure for this sale can be found here. Insiders sold 48,349 shares of company stock worth $1,995,338 over the last quarter. 5.20% of the stock is currently owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the stock. CSat Investment Advisory L.P. acquired a new stake in Arch Capital Group during the second quarter worth about $26,000. Liberty Wealth Management LLC acquired a new stake in Arch Capital Group during the third quarter valued at approximately $38,000. Signaturefd LLC boosted its holdings in Arch Capital Group by 72.8% during the third quarter. Signaturefd LLC now owns 1,118 shares of the insurance provider’s stock valued at $47,000 after purchasing an additional 471 shares in the last quarter. Advisory Services Network LLC acquired a new stake in Arch Capital Group during the second quarter valued at approximately $71,000. Finally, Capital Bank & Trust Co boosted its holdings in Arch Capital Group by 74.4% during the second quarter. Capital Bank & Trust Co now owns 1,915 shares of the insurance provider’s stock valued at $71,000 after purchasing an additional 817 shares in the last quarter. 79.48% of the stock is currently owned by institutional investors and hedge funds.
Arch Capital Group Company Profile
Arch Capital Group Ltd., together with its subsidiaries, provides property, casualty, and mortgage insurance and reinsurance products worldwide. The company's Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; collateral protection, debt cancellation, and service contract reimbursement products; directors' and officers' liability, errors and omissions liability, employment practices and fiduciary liability, crime, professional indemnity, and other financial related coverages; medical professional and general liability insurance coverages; and workers' compensation and umbrella liability, as well as commercial automobile and inland marine products.
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